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Sep 30, 2020
Capital City Bank Q3 2020 Earnings Report
Reported strong third quarter results driven by diversified revenue and a strong balance sheet.
Key Takeaways
Capital City Bank Group, Inc. reported a strong third quarter with a net income of $10.4 million, or $0.62 per diluted share, which is an increase of 12.7% over the second quarter. The results were driven by diversified revenue, a strong balance sheet, and the contribution of Capital City Home Loans.
Return on assets improved to 1.17% and return on equity to 12.16%
Diversified revenue and strong balance sheet continue to buffer impact of pandemic and lower interest rates
Strong performance by Capital City Home Loans (“CCHL”) contributed significantly ($0.23 per share)
Credit quality remains strong with no significant problem loan migration
Capital City Bank
Capital City Bank
Capital City Bank Revenue by Segment
Revenue by Segment
Deposit Fees Revenue
CapyFin.comBank Card Fees Revenue
CapyFin.comWealth Management Fees Revenue
CapyFin.comMortgage Banking Revenues Revenue
CapyFin.comOther Noninterest Income Revenue
CapyFin.com Forward Guidance
The company hopes to continue to experience economic improvement during the fourth quarter and into 2021.